The Dragonfly Capital address transferred $2.17 million worth of PERP to Binance for a purchase cost of $46.55 million
BlockBeats reports that on December 7, Lookonchain monitored that 4.69 million PERps ($2.17 million) were transferred to Binance from an address labeled Dragonfly Capital about nine hours earlier.
On-chain records show that Dragonfly Capital began buying and pledging PERPs on July 20, 2021, buying 4,264,921 PERps at an average purchase price of $10.92. At the current $0.463, Dragonfly Capital has a net loss of $44 million.
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